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Pension payouts in the Nick of Time
 Pension payouts in the Nick of Time ... need them.Newest Review: ... YOUR PENSION GO DOWN? Not really. In effect your pension stays the same unless otherwise explained. What this does mean though is that without steady increases, it won't keep up with the rate of inflation and the value of the pension goes down because the money pays less of your needs in the future simply because inflation increases costs. DOES IT AFFECT YOUR STATE PENSION ? Here, it was ... more ... explained that the state pension will still get the statutory increases and that a private pension does not affect the increases in normal old age pension.
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Pension payouts in the Nick of Time: LIVE NOW, PAY LATER (720 words)
by thingywhatsit - written on 18.12.07 (Very useful, 154 readings)
Rating:
Imagine my surprise at being offered a lump sum payment just before Christmas. It came as a huge surprise, though pension companies all over the UK are trying to find ways to make economies, and the reason for writing this review is to forewarn people of the hazards they may put in the path of their lives if they accept lump sum payments without due consideration. The leaflets that come with these are very cleverly worded, and in some cases leave out salient points that really do need to be considered. In my case, the offer was in the region of £40,000 which would have been a nice lump sum to put into the bank and invest for my future. For people on pensions ...
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